New Mexico Statutes

§ 72-20-98 — Securities and income therefrom exempt

New Mexico·Ch. 72 Water Law·Art. 20 Eastern Sandoval County Arroyo Flood Control Act

Securities issued under the Eastern Sandoval County Arroyo Flood Control Act and the income therefrom shall forever be and remain free and exempt from taxation by the state, the authority and any other public body, except transfer, inheritance and estate taxes.

Free access — add to your briefcase to read the full text and ask questions with AI

New Mexico § 72-20-98 (Securities and income therefrom exempt) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Laws 2007, ch. 99, § 98.

Nearby Sections

15

§ 72-1-1

Natural waters; public

§ 72-1-10

Water utility authority; created; membership;

§ 72-1-11

Indian water rights settlements; approval of settlements;

§ 72-1-12

Indian water rights settlement fund

§ 72-1-2

[Water rights; appurtenant to land; priorities.]

§ 72-1-2.1

Water rights; change in ownership; filing and recording;

§ 72-1-2.2

Legislative findings; declaration of purpose

§ 72-1-2.3

Lower Pecos river basin below Sumner lake water bank;

§ 72-1-2.4

Pecos river; purpose; conditions for expenditures

§ 72-1-2.5

Pecos river basin land management fund

§ 72-1-2.6

Pecos river; purchase of additional water rights

§ 72-1-3

Declaration of water rights vested prior to 1907; form;

§ 72-1-4

[Declaration of water rights vested prior to 1907; force and

§ 72-1-5

Eminent domain; entry on property

§ 72-1-6

[Traveler's use of water.]

View on official source ↗